Collector to lend Tracey Emin's bed to the Tate
Cologne-based industrialist, Count Christian Duerckheim, agrees ten-year loan
By Gareth Harris. Web only
Published online: 29 July 2014
The collector who bought Tracey Emin’s installation My Bed at auction earlier this month in London will lend the work to the Tate in London. Count Christian Duerckheim, a Cologne-based industrialist, has agreed to lend the work for at least ten years. He said in a statement: “I always admired the honesty of Tracey, but I bought My Bed because it is a metaphor for life, where troubles begin and logics die.” Emin says: "Count Duerckheim has done a very generous thing. I have always felt My Bed belongs at Tate. And now it will be. I cherish the moment to install it there."
Consigned by the UK collector and dealer Charles Saatchi, My Bed, 1998, fetched £2.5m (with buyer’s premium; est £800,000-£1.2m) at Christie's London on 1 July, selling to one of Emin’s dealers, Jay Jopling, who acquired the piece on behalf of Duerckheim. The work, which reflects the breakdown of a relationship, features condoms, empty bottles and dirty underwear. Saatchi bought the installation for £150,000 in 2000.
Last year, Duerckheim, donated 34 works on paper to the British Museum by 20th-century German artists including Georg Baselitz, Sigmar Polke, Blinky Palermo, A.R. Penck and Gerhard Richter. He built up his collection of contemporary German art in a fairly short period, from the mid 1970s to the early 1980s. In 2011, he sold 34 German works at Sotheby’s in London for £60m. Duerckheim’s wealth comes from investment in biotechnology.
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